ACCOUNTING CONCEPTS 0.0 / 5 AccountingAccounting conceptsASAQA Created by: chloebuckbyCreated on: 14-09-15 10:41 2473615 Across 1. the lower of the cost and NRV (8) 5. items grouped together (11) Down 2. business and the owner have different identities (7) 3. should be recorded in the year they take place (8) 4. the business is more than likely going to continue trading (5, 7) 6. no personal opinions should help valuations (11) 7. once the concept is chosen it should not change (11)
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